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Brazilian court awards US$1.2 million award to family of Air France Brazil crash victim - insurer intends to appeal
- Edwards Wildman Palmer LLP
- -
- Brazil
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- March 23 2010
A Brazilian court recently awarded US$1.2 million to the family of a passenger on the Air France plane that crashed into the Atlantic Ocean off Brazil last year
IRB-Brasil Re achieves higher profits despite lower premiums and reduced investment income
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- March 4 2010
Brazil's government-controlled former reinsurance monopoly holder, IRB-Brasil Re, reports that it saw profits rise 2.6 in 2009 despite lower revenue from premiums
Brazilian government considers "privatization" of dominant government-controlled reinsurer IRB Brasil Re
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- January 29 2010
The Brazilian federal government has reportedly decided to reduce its control of the nation's former reinsurance monopoly holder, IRB Brasil Re, in a move that some are referring to somewhat misleadingly as "privatization" of the entity
Susep predicts that microinsurance law will pass before April; study suggests that country could see 33 million new microinsurance customers
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- December 28 2009
Susep’s superintendent, Armando Vergilio dos Santos, recently stated that he expects the country’s proposed microinsurance law to be approved before April 2010
Gross written premiums up 30.4 in November; regulator anticipates 16-20 growth in insurance market in 2010
- Edwards Wildman Palmer LLP
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- Brazil
- -
- December 24 2009
Susep recently reported that gross written premiums for November 2009 were up 30
ACE becomes sixth local reinsurer
- Edwards Wildman Palmer LLP
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- Brazil
- -
- December 15 2009
ACE, through its local subsidiary ACE Resseguradora, recently received authorization as the sixth local reinsurer in the Brazilian reinsurance market
Total premiums off nearly 5 in September
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- December 14 2009
When comparing September 2009 to September 2008, total premiums in the Brazilian insurance market were down 4.81 (US$ 1.42 billion), down to US$ 29.58 billion to US$ 28.16 billion
NAIC announces new cooperation agreement with Brazil
- Edwards Wildman Palmer LLP
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- Brazil, USA
- -
- December 8 2009
On Saturday, December 5, 2009, the National Association of Insurance Commissioners (“NAIC”) announced that U.S. insurance regulators entered into a Memorandum of Understanding (“MoU”) with the Agencia Nacional de Saude Suplementar (ANS), Brazil’s Insurance Regulator for Health Plans and Health Insurance, during the NAIC Winter Meeting
SUSEP reports results of Brazilian insurance market
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- November 13 2009
The Superintendencia de Seguros Privados (SUSEP), recently released statistics regarding the performance of the Brazilian insurance market through the end of August 2009
Regulatory change removes prohibition against life insurers selling home and personal casualty insurance
- Edwards Wildman Palmer LLP
- -
- Brazil
- -
- November 12 2009
In a move expressly designed to stimulate competition and reduce prices for personal lines insurance, the Brazilian government recently removed the previously existing prohibition against life insurers selling home and personal casualty insurance
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